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ARTICLE · 13 MARCH 2026

From Quarterly To Annual: SEBI's New Reporting Framework For AIFS

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The Securities and Exchange Board of India Regulations 2012 under Regulation 28, and Clause 15.1.1 of the SEBI's Master Circular on AIFs dated 07 May 2024 mandate all alternative investment funds to submit report of their activity as an AIF to the Securities and Exchange Board of India on a quarterly basis.

IndiaCorporate/Commercial Law
Siddharth Shah
Siddharth Shah
Gaurita Udiyawar
Gaurita Udiyawar
Yash Dhikle
Yash Dhikle
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Background

The Securities and Exchange Board of India (Alternate Investment Funds) Regulations 2012 (AIF Regulations) under Regulation 28, and Clause 15.1.1 of the SEBI's Master Circular on AIFs dated 07 May 2024 (Master Circular) mandate all alternative investment funds (AIFs) to submit report of their activity as an AIF to the Securities and Exchange Board of India (SEBI) on a quarterly basis within 15 calendar days from the end of each quarter.

SEBI had constituted a Working Group on "Ease of Doing Business and Reducing Cost of Compliance" which had recommended reducing the frequency of reporting by AIFs. In light of the recommendations, SEBI issued circular no. HO/19/28/(1)2026-AFD-SEC3/I/6176/2026 on 04 March 2026 introducing a new reporting structure.

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